{"title":"Yoram Barzel","description":null,"products":[{"product_id":"economic-analysis-of-property-rights-book-yoram-barzel-9780521597135","title":"Economic Analysis of Property Rights","description":"This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. Property rights and all forms of organisation result from people's deliberate actions. In the tradition of Coase, this study offers a unified theoretical structure to deal with exchange, rights formation and organisation which traditional economic theory assumes away. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes; therefore, rights to them are never fully delineated. Property is consequently in danger of appropriation by others. Individuals enhance their rights by such actions as the protection and better delineation of their assets. In this new edition, Professor Barzel introduces the central role of equity capital as a guarantor of the activities of the firm and elaborates on the distinction between economic rights and legal rights.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49600928219409,"sku":"GOR002826718","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50939758575889,"sku":"CIN0521597137VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":51332948361489,"sku":"CIN0521597137G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0521597137.jpg?v=1751391335"},{"product_id":"theory-of-the-state-book-yoram-barzel-9780521000642","title":"A Theory of the State","description":"This book models the emergence of the state, and the forces that shape it. State creation is bound to protection needs. 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The force may explain the creation of rule-of-law empires.","brand":"WoB","offers":[{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50007909892369,"sku":"CIN0521000645VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":50355221823761,"sku":"CIN0521000645G","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51002978566417,"sku":"NIN9780521000642","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52661099561233,"sku":"NLS9780521000642","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0521000645.jpg?v=1751104122"},{"product_id":"economic-analysis-of-property-rights-book-yoram-barzel-9781009374729","title":"Economic Analysis of Property Rights","description":"The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs.  This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":50698633511185,"sku":"NGR9781009374729","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51012389994769,"sku":"NIN9781009374729","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":53609064988945,"sku":"GOR014979294","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":53610116907281,"sku":"GOR014979906","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1009374729.jpg?v=1750748594"},{"product_id":"theory-of-the-state-book-yoram-barzel-9780521806053","title":"A Theory of the State","description":"This book models the emergence of the state, and the forces that shape it. 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He demonstrates its utility by applying these models to problems that include rights formation, slavery and resource allocation in non-market settings.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51897633833233,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":51897634390289,"sku":"GOR012682016","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780521367042.jpg?v=1754983726"},{"product_id":"economic-analysis-of-property-rights-book-yoram-barzel-9781009374736","title":"Economic Analysis of Property Rights","description":"The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. 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